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The sustainability of sustainability
Over the last five years, the growth in sustainability as a topic, as a principle, and as a guideline has been quite exceptional. Sustainability is front of mind of most corporate strategy documents and is becoming a key performance indicator of note, and many digital publications these days have various images containing sustainability related visuals from rivers to trees, leaves, forests and nature; and that is all positive. 14 Feb 2024 Read more

Thought-provoking deliberations at the IPSASB Strategy and Work Program Consultation Roundtable
The South African Institute of Chartered Accountants (Saica), in collaboration with the Accounting Standards Board (ASB), hosted the IPSASB 2024-2028 Strategy and Work Program Consultation Roundtable (the Roundtable) to give South Africa constituents an opportunity to comment on the proposed strategy and work program. The Roundtable was attended by the Staff and Board Member of the International Public Sector Accounting Standards Board (IPSASB). 9 Feb 2024 Read more

From cradle to corner office: Saica's holistic approach to learning and development
In a landscape where challenges exist in mathematics as a gateway subject, the South African Institute of Chartered Accountants (Saica) recognises the imperative role education plays in shaping the future of chartered accountancy. As the primary destination for qualified candidates, Saica is not only committed to addressing the decline in the pool of potential candidates and fortifying the profession but also making a difference through its transformation initiatives to ensure that the country’s unequal socio-economical backdrop is not a barrier to access. 8 Feb 2024 Read more

Time is ripe to review the calculation of a public interest score
The call to have a periodic review of the public interest score (PI score) and its associated requirements should not be seen as a call to have a review every two months like how the Reserve Bank has monetary policy meetings to set the interest rate. Walter Bhengu, Saica project director for Legislation and Governance explains why SAICA’s call is one that seeks to review the PI score requirements that have been in place since 2011 despite the value of the rand being eroded by inflation over the years and the commercial environment evolving. 23 Jan 2024 Read more

Graduates of Saica’s Enterprise Development Flagship Programme are lifting township economy
In unlocking South Africa’s township economy, Evergrow Seedlings, an agribusiness startup founded in Soweto has grown significantly since its establishment in 2018 to become a prominent contributor in creating opportunities for locals. 11 Dec 2023 Read more

SAICA congratulates Keshni Kuni on her appointment as member of IASB Global Preparers Forum
The South African Institute of Chartered Accountants (SAICA) congratulates Keshni Kuni, executive head of IFRS reporting and advisory, tax accounting and reporting at the Standard Bank Group South Africa, for her appointment to the International Accounting Standards Board’s (IASB) Global Preparers Forum (GPF) for an initial five-year term. 8 Dec 2023 Read more

Senzo Ndlangamandla comes out on top at SAICA’s Top-35-Under-35 decennium award ceremony
Senzo Ndlangamandla CA(SA), RA, head of department for accounting sciences at Walter Sisulu University and managing director at SnB Chartered Accountants & Registered Auditors, has been announced as the overall winner of the highly coveted 2023 Top 35-under-35 chartered accountants [CA(SA)] competition. 5 Dec 2023 Read more

SAICA hosts inaugural Climate Change Conference
SAICA hosted its inaugural Climate Change Conference on Wednesday, 25 October 2023, coinciding with the passing of SA’s Climate Change Bill ahead of COP28 in the UAE in late November, to deliberate on local challenges, market solutions, financial instruments, and leverage on existing opportunities. 5 Dec 2023 Read more

The need for reforms in South Africa’s auditor liability regime
In the 2013 Report on the Observance of Standards and Codes (ROSC Report), one of the recommendations provided was the need for South Africa to consider enacting a law that would allow audit firms to organise as limited liability partnerships (LLPs). A lot of jurisdictions across the world have, since the 1990s, passed legislation allowing their audit firms to become LLPs. This includes both developed and developing economies. Thandokuhle Myoli, project director: audit and assurance at the South African Institute of Chartered Accountants, provides more information on this matter. 1 Dec 2023 Read more

Inflation eroding benefits intended for small businesses
Parliament is currently in the process of reviewing comments received from stakeholders on the Companies Amendment Bill, 27 of 2023. While the Bill seeks to address pertinent matters within the South African economic context, there is one particular issue that has not been considered in the proposed amendments; this relates to the Public Interest score (PI Score). The South African Institute of Chartered Accountants (SAICA) made oral and written submissions to Parliament highlighting the need to review the PI score. Thandokuhle Myoli, project director: Audit and Assurance at SAICA, gives more insight on this matter. 30 Nov 2023 Read more

Saica's Finance Leaders event celebrates 5 years of driving innovation and collaboration
The South African Institute of Chartered Accountants (Saica) announces the fifth anniversary of its flagship event, Finance Leaders. 13 Nov 2023 Read more

Budget deficit resulting in more pressure on Sars, thus putting more pressure on taxpayers
The South African Institute of Chartered Accountants (Saica) says that South Africa does not have a revenue problem, it has an expenditure problem. Somaya Khaki, project director: tax operations and administrative advocacy at Saica explains why, despite this, there is growing pressure on Sars to increase collections from the current taxpayer base. 7 Nov 2023 Read more

Water crisis in South Africa: Are we making progress?
Under the global development goals agreed to in 2015, government has pledged to provide access to clean water and sanitation for all by 2030. Speaking on behalf of the South African Institute of Chartered Accountants (Saica), Piet Nel, project director for Tax Professional Development at Saica, explains that in Saica's view, the biggest obstacle to achieving these goals is a lack of accountability and the enforcement of consequences for management, for which there seems to be very little political will. 6 Nov 2023 Read more

Forget a good budget - a compliant one will do for now
On 1 November 2023, the Medium Term Budget Policy Statement for 2023 was presented to Parliament. So, what is the Medium Term Budget Policy Statement (MTBPS) or as it is commonly known, the "Mini Budget"? 3 Nov 2023 Read more

Greylisting as it relates to trusts
Over the last 10 years, there has been large-scale domestic and international financial fraud in South Africa, and in some respects, trusts have been involved. Lisa Kahanovitz, project director: Tax Guidance at the South African Institute of Chartered Accountants (SAICA), sheds more light on this topic. 2 Nov 2023 Read more

The Medium Term Budget Policy Statement and the water crisis
On Wednesday 1 November 2023, the Minister of Finance will table the Medium Budget Policy Statement (MTBPS) in the National Assembly. Lesedi Seforo, Project Director: Tax Advocacy at the South African Institute of Chartered Accountants (SAICA), will attend the statement proceedings. He gives more insight on what the country can expect. 1 Nov 2023 Read more

A milestone for Saica's Thuthuka Education Upliftment Fund when passion, dreams and empowerment align
August marked another milestone for Saica's Thuthuka bursary fund, as Christiaan van den Berg CA(SA) and Heine Bellingan CA(SA), embarked on an inspiring journey to conquer Mount Kilimanjaro - a first for them and Thuthuka's Education Upliftment Fund (TEUF). Hein and Christiaan are two passionate chartered accountants, who embarked on a remarkable journey that would fulfil their lifelong dream and ignite a spark of hope in the hearts of many aspiring young chartered accountants, a career often seen as unattainable for those facing economic hardships. 31 Oct 2023 Read more

Saica's celebrates decade of excellence at this year's Top 35-Under-35 Awards
In its 10th year, the South African Institute of Chartered Accountants (Saica) proudly presents the finalists for the prestigious Top 35-under-35 CA(SA) competition. This milestone edition not only highlights the outstanding achievements of young professionals under 35 but also underscores a decade of commitment to nurturing and celebrating exceptional talent in the field of chartered accountancy. 30 Oct 2023 Read more

South African chartered accountants lead in global trustworthiness
South African chartered accountants [CAs(SA)] have earned the top position in a groundbreaking global professional trust survey conducted by Edelman, a respected research firm, on behalf of Chartered Accountants Worldwide (CAW). 19 Oct 2023 Read more

Future accountants should strive to embrace ethics and impact society
Like medical professionals, says Wayne van Zijl CA(SA), professional accountants might benefit from taking an oath. While doctors have a direct impact on saving lives, accountants' actions can equally influence the lives and livelihoods of thousands. The extent of their impact depends on their roles, the organisations they're associated with, and the public interest they need to protect. Even in the academic environment, accountants have a critical window of opportunity to shape the decision-making of future professionals, who will eventually hold the well-being of others in their hands, albeit indirectly. 9 Oct 2023 Read more


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